Known for white-sand beaches, art deco buildings, and nightlife, as well as strong Latin influences and high-end high-rises.

56,500

Jobs Created
2.1%

$56,950

Median Household Income
4.9%

22,052

Total Housing Permits
11.3%

300

Total Number of Projects
-1.6%

$672,698

SFD New Home List Price
12.6%

0

New Home Sales
-6.9%
Monthly

Market Health

Miami s population is 6.2M, with a total workforce of 2.7M. The labor market grew by 56,500 jobs over the past year, up by 2.1%. The median household income in Miami is $56,950, 4.9% higher than last year and 9.9% below the national average of $63,179.
In the housing market, total permits issued totaled 22,052 over the last twelve months, up 11.3% year-over-year. Miami has 300 active new home projects on the market, 1.6% fewer than the 305 from last year. The average list price in the market is $672,698, 12.6% higher than last year and 124.7% above the national average. Over the last three months, new home contracts decreased by 6.9% to 1,535. Homestead and Miami had the highest concentration of the new home contracts in the Miami market.

Our Experts

Work with leaders in the industry.

Tim Sullivan

Managing Principal

Tim Sullivan

Managing Principal


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